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Nonprofiteer
← PROJECT LEDO

Form 990 for tax year 2024

Filed by PROJECT LEDO.

Totals

Total revenue
$415,000
Total expenses
$330,843
Contributions and grants received
$370,490
Grants paid
$0
Program service revenue
$44,510
Investment income
$0
Other revenue
$0
Total assets, end of year
$285,419
Total liabilities, end of year
$49,103
Net assets or fund balances, end of year
$236,316
Program services expenses (Part IX)
$247,279
Management and general expenses
$64,661
Fundraising expenses
$18,903
Program service expenses (Part III)
$247,279

Program services were 74.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $370,490

  • 1g · Noncash contributions included above

    $525

  • 2a · Program service revenue: Child/Youth Training

    total $44,510 · related or exempt $44,510

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $96,249 · program services $81,811 · management and general $9,625 · fundraising $4,813

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $80,230 · program services $80,230

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $4,262 · program services $3,622 · management and general $427 · fundraising $213

  • 10 · Payroll taxes

    total $15,327 · program services $14,039 · management and general $859 · fundraising $429

  • 11a · Fees: management

    total $32,932 · management and general $32,932

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $15,926 · management and general $15,926

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $11,004 · fundraising $11,004

  • 12 · Advertising and promotion

    total $3,593 · program services $3,593

  • 13 · Office expenses

    total $2,381 · program services $2,024 · management and general $238 · fundraising $119

  • 14 · Information technology

    total $7,449 · program services $6,331 · management and general $747 · fundraising $371

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $30,921 · program services $26,283 · management and general $3,092 · fundraising $1,546

  • 17 · Travel

    total $7,872 · program services $7,872

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,640 · program services $1,394 · management and general $164 · fundraising $82

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $7,046 · program services $7,046

  • 23 · Insurance

    total $6,513 · program services $5,536 · management and general $651 · fundraising $326

  • 24a · Other expenses: Program Services

    total $4,226 · program services $4,226

  • 24b · Other expenses: Volunteer Support

    total $2,747 · program services $2,747

  • 24c · Other expenses: In-Kind Donations

    total $525 · program services $525

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,434 · end of year $109,913

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $20,009 · end of year $21,850

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,830 · end of year $16,778

  • 10a · Land, buildings and equipment: cost or other basis

    $116,030

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,120

  • 10c · Land, buildings and equipment, net

    end of year $103,910

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $59,490 · end of year $32,968

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,636 · end of year $8,841

  • 25 · Other liabilities

    beginning of year $72,968 · end of year $40,262

  • 27 · Net assets without donor restrictions

    beginning of year $152,159 · end of year $236,316

Mission and programs · 2024

Mission

To inspire young underrepresented and marginalized students to see themselves represented in the field of science and technology

  • The Tapping Roots Program revenue reflects a fee-for-service partnership with ELSO where Project LEDO delivered robotics education programming for youth. In addition to robotics instruction, the partnership was designed to provide high school students with mentorship exposure and career-connected learning opportunities through Project LEDOs summer camps. Project LEDO also facilitated multiple community-based events, including robotics engagement activities and financial literacy symposiums, aimed at strengthening leadership development, workforce readiness, and long-term academic and career pathways for students.

    Expenses $247,279

  • Project LEDO has always believed in the power of partnerships and collaboration. We understand that by joining forces with other local organizations that share our core values, we can make an even bigger impact on the communities we serve. Through these strategic alliances, Project LEDO has formed a strong and united front to address the pressing issues faced by BIPOC communities. Our programs have expanded to include a collaboration with We Belong PDX, which has allowed us to touch even more students. Additionally, our partnership with POIC has further strengthened our outreach. A significant accomplishment in our program is that we have students going to the Academy of Science. These students are comprised primarily of immigrant students and people of color. We have also provided computers to help bridge the gap in the digital divide. Our program has partners with Wells Fargo, Chase Bank, PG&E and others in efforts to support our mission. These partnerships have not only increased our resources but also extended our reach into new areas. By collaborating with like-minded organizations, Project LEDO has been able to expand its programs and initiatives to two additional school districts. This means more students from diverse backgrounds now have access to the field of science and technology.

As filed on the 2024 return.

Listed in Part VII

  • Fidel Ferrer

    President & CEO

    Total calculated
    $96,249
    From this org
    $96,249
    From related orgs
    $0
    Other
    $0
    Hours/week
    60
  • Sarah Adams

    Vice President

    Total calculated
    $0
    Hours/week
    4
  • Margarita Ferrer Tamayo

    Secretary

    Total calculated
    $0
    Hours/week
    9
  • Felicia Wells

    Treasurer

    Total calculated
    $0
    Hours/week
    9
  • Jesus Aringuibel

    Director

    Total calculated
    $0
    Hours/week
    4
  • Yodit Tadeese

    Director

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 April 2026
IRS schema version
2024v5.2
Source object
202632669349301103

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